“The record sales we saw on our platform demonstrates the power of independent brands and designers. “This has been a transformative year for the creator community,” adds Siksnans.

We look forward to partnering with Bregal Sagemount as we continue our journey,” comments Davis Siksnans, CEO and Co-founder of Printful. This investment confirms the strength of Printful’s position and also shows that we operate in an industry where there is significant growth potential. We have grown from a start-up to a global industry leader led by a new generation of Latvian entrepreneurs. “Thanks to our hardworking team, we have made significant accomplishments during our 8 years of operation. Printful’s global team of more than 1,800 employees provides services in 8 in-house and 5 partner facilities across the world.

Printful integrates with the most popular ecommerce platforms and marketplaces, including Shopify, Etsy, WooCommerce, Wix, and Squarespace. Since its launch in 2013, Printful has sold over 32 million customized products to customers all over the world. The company has experienced explosive growth with its revenue increasing by almost 80% and exceeding $200 million in 2020. The company takes care of everything related to printing, product storage, and delivery, allowing customers to dedicate time to the exciting part of the business-marketing and design development. Printful gives merchants, artists, and other creators the opportunity to run successful ecommerce businesses without investing resources in production and logistics. The new partnership will support the launch of additional products and services and the expansion into new channels and geographies. The financing establishes Printful as the first privately owned company with Latvian roots to achieve unicorn status with a valuation of above $1 billion. Printful, an industry-leading print-on-demand drop shipping and fulfillment company announces a $130 million non-control investment from Bregal Sagemount, a leading growth equity firm. New capital to help Printful continue to scale on-demand printing after nearly doubling revenue in 2020

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